TruthistoldTruthfully Thursday, 10/01/20 03:01:49 PM Re: TruthistoldTruthfully post# 10351 Post # of 10389 Each of the “beneficial uses,” categories represent opportunities for utilization, monetization, and expansion of WSRC’s Water Rights, while at the same time increasing the value per acre-foot. Water Rights in the relevant market area have been valued for between $22,000 and $33,000 per acre-foot. Having met the criteria for the development and use of water rights under Colorado Water Law, the expansion of WSRC’s water rights vis-a-vis additional beneficial uses becomes a replicable process. For example, each surface acre of land acquired for agriculture, the Company may adjudicate 2 or more acre-feet of additional water rights for beneficial (agricultural) use. Values per acre-foot may also be increased through a strategic blend of beneficial uses. Water rights become more valuable over time and with use, especially given diminishing supplies and increasing demands in the Colorado River Basin States. In Colorado, water rights are considered real property, and are owned in perpetuity unless abandoned through declaration or by disuse over an extended period of years. The volume of water rights WSRC may adjudicate is limited only by the amount of land WSRC can acquire and put into beneficial use. Land parcels are available in the immediate service area of WSRC’s existing water assets and infrastructure in denominations of up to 50,000 acres – much of which is available for purchase at “dry land” prices averaging $1,000 to $1500 per acre.